Ready Capital Launches Small Balance Construction and Residential Finance Products

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Construction Lending for Ready Capital

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) Ready Capital Corporation (NYSE: RC) (“Ready Capital”), a multi-strategy real estate finance company that originates, acquires, finances, and services small- to medium-sized balance commercial loans, today announced new financing products following a successful merger with Broadmark Realty Capital which brought niche construction lending strengths to this blended offering.

The Small Balance Construction and Residential Finance program provides loans from $5 million to $20 million and includes the following project types: Development and construction financing for multifamily, Build-to-Rent (BTR), and lot development for residential developers.

These new products complement the existing Construction Lending program which provides capital solutions for projects up to $75 million, collateralized primarily by multifamily and industrial projects.

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